Performance of the product segments in the global cosmetic preservatives market market.

The global cosmetic preservatives market is expected to grow at a CAGR of 6.05% during the forecast period. Based on product, the global cosmetic preservatives market has been segmented into synthetic preservatives and natural preservatives.

The synthetic preservatives segment was the largest revenue contributor to the global cosmetic preservatives market in 2018, owing to the early market penetration and easy availability of synthetic preservatives. These preservatives are used in cosmetic products, mainly to inhibit the growth of microorganisms, and hence, their presence is vital in any cosmetic product. Currently, several synthetic preservatives are available in the market. Moreover, this segment also comprises emollients and mixtures of chemicals or agents that are specifically designed to make the external layer of the skin soft, supple, and appear hydrated.

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Furthermore, synthetic preservatives have various advantages such as abundant availability; relatively low cost when compared with natural preservatives; and compatibility with other ingredients used in cosmetic and personal care products. Also, they produce effective results even at low concentrations; maintain consistency and potency in results from batch to batch; and do not interfere with fragrance, lather, or color of a given formulation. Hence, the synthetic preservatives segment of the global cosmetic preservatives market is expected to grow steadily during the forecast period.